My current "cash" situation is still somewhat limited, though I do have a $200k HELOC, and considering applying for a business LOC through the remodel business as well to help add "instant funds" for purchases just not sure how much sense that makes either yet.

In poll fashion, kindly answer the following questions: What has been your most successful property locating technique to date for finding properties that are available for 50-65% of market value?

the reason i say this, is according to what i understand the end buyer coming in with the money to close would be limited by the financing they have been approved for....i.e., lender (traditional) approves end buyer for x amount, but they do not typically like to lend or approve a "land trust".....in addition, the lender would be requiring title insurance and a lender's policy...but, this could not happen via a land trust.i hope i explained this clearly......please correct me [anyone] if i am not thinking straight.....

We set the closing for 20 days from that original contract date and we're sticking to it.

What about in a situation where the house hasn't been listed, and the trustee sale date is too close to really allow a listing?

I saw a house go on the MLS this week for $30K, and a quick search of records revealed that the owner is in foreclosure, has already had the judgment made against him and just needs to have the date of sale set.

The contact will have a time limit.

I have recently acquired a tool that will help me to quickly find information about properties all over the country including foreclosures and preforeclosures, tax assessment values, last sale date, current owner, condition, comparative analysis, etc.

The borrower signs an IOU (the note) agreeing to the terms and conditions (payments, interest rate, due date, etc).The borrower signs over to the lender a mortgage or other security agreement.

The records might be out of date so see if you can get info from the actual sale.